Question 1

________ refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

Accepted Answer

A) Social networking 
B) Entrepreneurial opportunity 
C) Entrepreneurial alertness 
D) Feasibility analysis 
E) Entrepreneurial risk 
A) Social networking 
B) Entrepreneurial opportunity 
C) Entrepreneurial alertness 
D) Feasibility analysis 
E) Entrepreneurial risk

Question 2

Which of the following is the most frequently used type of corporate entrepreneurship?

Accepted Answer

A) sustained regeneration 
B) organized rejuvenation 
C) domain definition 
D) strategic renewal 
E) project hosting 
A) sustained regeneration 
B) organized rejuvenation 
C) domain definition 
D) strategic renewal 
E) project hosting

Question 3

Which of the following is true of an individual who has a low level of entrepreneurial alertness?

Accepted Answer

A) They are more likely to identify potential entrepreneurial opportunities. 
B) They spend most of their time giving feedback to employers. 
C) They are more likely to dismiss or ignore new information and overlook potential opportunities. 
D) They are more likely to follow the new market opportunities. 
E) They have low entrepreneurial risk. 
A) They are more likely to identify potential entrepreneurial opportunities. 
B) They spend most of their time giving feedback to employers. 
C) They are more likely to dismiss or ignore new information and overlook potential opportunities. 
D) They are more likely to follow the new market opportunities. 
E) They have low entrepreneurial risk.

Question 4

Feasibility analysis helps entrepreneurs understand whether an idea is practical.

Accepted Answer

A) True 
 B)False

Question 5

Although an opportunity may exist,it needs to be recognized first.This is ________.

Accepted Answer

A) opportunity feedback 
B) opportunity evaluation 
C) opportunity exploitation 
D) opportunity identification 
E) opportunity cost 
A) opportunity feedback 
B) opportunity evaluation 
C) opportunity exploitation 
D) opportunity identification 
E) opportunity cost

Question 6

Which of the following is true about factors that adversely influence the accuracy of an entrepreneur's risk perceptions?

Accepted Answer

A) An entrepreneur's belief in the law of small numbers increases the risk he or she perceives with an opportunity. 
B) Because individuals are more likely to obtain good information and less likely to obtain bad information,small samples of information are likely biased negatively. 
C) Most entrepreneurs have access to large databases. 
D) The control that an entrepreneur feels with respect to the opportunity's outcome may influence perceptions of the idea's risk. 
E) Law of small numbers and the illusion of control positively influence the accuracy of risk perceptions when evaluating opportunities. 
A) An entrepreneur's belief in the law of small numbers increases the risk he or she perceives with an opportunity. 
B) Because individuals are more likely to obtain good information and less likely to obtain bad information,small samples of information are likely biased negatively. 
C) Most entrepreneurs have access to large databases. 
D) The control that an entrepreneur feels with respect to the opportunity's outcome may influence perceptions of the idea's risk. 
E) Law of small numbers and the illusion of control positively influence the accuracy of risk perceptions when evaluating opportunities.

Question 7

________ is the process in which an individual or group of individuals in an existing corporation create a new organization or instigate renewal or innovation within that corporation.

Accepted Answer

A) Corporate social entrepreneurship 
B) Intrapreneurship 
C) Entrepreneurship 
D) Corporate entrepreneurship 
E) Social entrepreneurship 
A) Corporate social entrepreneurship 
B) Intrapreneurship 
C) Entrepreneurship 
D) Corporate entrepreneurship 
E) Social entrepreneurship

Question 8

Who is an entrepreneur?

Accepted Answer

An entrepreneur is an individual who ide

Question 9

Opportunity evaluation is the first stage of the entrepreneurial process.

Accepted Answer

A) True 
 B)False

Question 10

Beth heads the team of designers at La Belle,Inc.,a well-known brand of designer bags.She is an extraordinary designer and manages her team excellently.In the past,La Belle has successfully implemented many of Beth's innovative ideas to their benefit.The company has now decided that Beth should be given the responsibility of managing their new business unit that specializes in clothes,shoes ,and other accessories.What type of entrepreneurship is displayed in this scenario?

Accepted Answer

A) intrapreneurship 
B) creative destruction 
C) corporate social entrepreneurship 
D) social entrepreneurship 
E) corporate entrepreneurship 
A) intrapreneurship 
B) creative destruction 
C) corporate social entrepreneurship 
D) social entrepreneurship 
E) corporate entrepreneurship

________ refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

Which of the following is the most frequently used type of corporate entrepreneurship?

Which of the following is true of an individual who has a low level of entrepreneurial alertness?

Feasibility analysis helps entrepreneurs understand whether an idea is practical.

Although an opportunity may exist,it needs to be recognized first.This is ________.

Which of the following is true about factors that adversely influence the accuracy of an entrepreneur's risk perceptions?

________ is the process in which an individual or group of individuals in an existing corporation create a new organization or instigate renewal or innovation within that corporation.

Who is an entrepreneur?

Opportunity evaluation is the first stage of the entrepreneurial process.

Introducing Modern Management

Managing

Managers and Society

Management and Diversity

Managing in the Global Arena

Principles of Planning

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress,Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Encouraging Creativity and Innovation

Controlling, Information, and Technology

Production and Control

Filters

Exam 6: Management and Entrepreneurship

________ refers to an individual's ability to notice and be sensitive to new information about objects,incidents,and patterns of behavior in the environment.

Which of the following is the most frequently used type of corporate entrepreneurship?

Which of the following is true of an individual who has a low level of entrepreneurial alertness?

Feasibility analysis helps entrepreneurs understand whether an idea is practical.

Although an opportunity may exist,it needs to be recognized first.This is ________.

Which of the following is true about factors that adversely influence the accuracy of an entrepreneur's risk perceptions?

________ is the process in which an individual or group of individuals in an existing corporation create a new organization or instigate renewal or innovation within that corporation.

Who is an entrepreneur?

Opportunity evaluation is the first stage of the entrepreneurial process.

Introducing Modern Management

Managing

Managers and Society

Management and Diversity

Managing in the Global Arena

Principles of Planning

Making Decisions

Strategic Planning: Strategies, Tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, Authority, and Delegation

Human Resource Management

Organizational Change: Stress,Conflict and Virtuality

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Encouraging Creativity and Innovation

Controlling, Information, and Technology

Production and Control

Filters